Stocks Still More Attractive Than at Prior Peaks

Companies have better-quality balance sheets and are trading at cheaper multiples than in 2007 and 2000, writes an AllianceBernstein investment strategist.

At 1550, the S&P 500 has regained the peak it reached in March of 2000 (when the tech bubble burst) and again in October of 2007 (before the credit crunch hit). But we think the third time's the charm: We think the stock market still has room to rise because equities are now more attractively valued and of higher quality than they were at previous...